Federal Signal Corporation $FSS Shares Acquired by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC has increased its stake in Federal Signal Corporation by 2.1%, now owning approximately 187,100 shares, valued at about $13.76 million.
• Multiple large investors, including Nuveen LLC and Jane Street Group LLC, have also made significant investments in Federal Signal, indicating strong institutional interest in the stock.
• Federal Signal recently reported a quarterly earnings per share (EPS) of $1.17, beating analysts' expectations, and announced a quarterly dividend of $0.14 per share, reflecting a 0.4% dividend yield.

Gabelli Funds LLC boosted its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 2.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 187,100 shares of the conglomerate's stock after buying an additional 3,900 shares during the period. Gabelli Funds LLC owned approximately 0.31% of Federal Signal worth $13,761,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of Federal Signal by 48.1% during the fourth quarter. NewEdge Advisors LLC now owns 1,586 shares of the conglomerate's stock valued at $146,000 after purchasing an additional 515 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Federal Signal by 48.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,400 shares of the conglomerate's stock worth $499,000 after buying an additional 1,752 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Federal Signal by 3.8% in the fourth quarter. Stifel Financial Corp now owns 62,930 shares of the conglomerate's stock worth $5,814,000 after buying an additional 2,319 shares during the last quarter. Northern Trust Corp increased its stake in shares of Federal Signal by 10.8% in the fourth quarter. Northern Trust Corp now owns 693,729 shares of the conglomerate's stock worth $64,094,000 after buying an additional 67,716 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of Federal Signal by 90.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 25,668 shares of the conglomerate's stock worth $2,371,000 after buying an additional 12,172 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Raymond James Financial boosted their target price on shares of Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, CJS Securities reiterated a "market perform" rating and set a $125.00 target price on shares of Federal Signal in a research note on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Federal Signal has a consensus rating of "Hold" and an average target price of $123.00.

Federal Signal Stock Performance

Shares of Federal Signal stock traded down $0.65 during trading on Tuesday, hitting $122.34. 58,107 shares of the stock were exchanged, compared to its average volume of 574,018. The stock's fifty day moving average is $116.79 and its 200 day moving average is $96.55. The stock has a market cap of $7.44 billion, a PE ratio of 34.08, a P/E/G ratio of 2.19 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The business had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, sell-side analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 annualized dividend and a yield of 0.5%. Federal Signal's dividend payout ratio is presently 15.60%.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.